Definitions have been widely criticized all over the world for threatening to push the global economy to recession.
Administration officials said that more than 50 countries have contacted the White House to start trade talks following the imposition of US President Donald Trump on the large -scale punitive tariffs.
The definitions, which caused a decrease in stock values in the United States in the United States last week, which caused a decrease in markets in the United States last week, led to an interest around the world and raised concerns about potential economic shrinkage. But the Trump administration has reduced this and made more catastrophic economic repercussions.
Meanwhile, investors were nervously waiting for the US Championship, which was trading after the Wall Street sales last week, expecting another week of turmoil with the reaction of other countries. The Asian markets will open in the coming hours and expect a rock day.
In a series of dialogue interviews on Sunday, the best economic advisors in Trump defended the definitions, describing it as a strategic step to enhance the American position in world trade.
Treasury Secretary, Scott Payette, revealed that more than 50 countries have started negotiations with the United States since the announcement of the definitions on Wednesday, but did not reveal the countries concerned.
Pesin claimed that the definitions gave Trump “the maximum amount of financial lever”, although its impact on the American economy is still inaccurate. He rejected concerns about stagnation, pointing to an unexpectedly strong business growth in the United States.
The wide tariffs of Trump entered into force on Saturday.
The 10 % “baseline” tariff entered the seaports, airports and customs in the United States, which led to the full rejection of Trump for the post -World War II system of mutual agreed tariff rates.
Decrease in GDP
Nevertheless, economists have warned that the customs tariff could lead to a decrease in US GDP (GDP), as JPMorgan economists reviewed their growth expectations from a 1.3 percent increase to 0.3 percent.
The customs duties, which aim to pressure foreign governments to make concessions, have also sparked reprisal fees, including the massive rulers of China, which raised fears of a global trade war.
US allies such as Taiwan, Israel, India and Italy have already expressed their interest in negotiating with the United States to avoid definitions.
The Taiwanese leader Lay Cheng Tier showed zero rows as a basis for talks, while Israeli Prime Minister Benjamin Netanyahu sought to relief from the 17 percent tariff on Israeli goods.
Meanwhile, the United States continues to implement the customs tariff, as “mutual” duties are expected to enter on Wednesday.
Critics raised concerns about the method used to determine the definitions, especially after applying them to some unmanned remote areas.
Trade Minister Howard Lootnick defended the strategy, claiming that it aims to prevent countries from circumventing definitions with gaps.